$1,482,500
$1,550,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
1,215 SqFt
SOLD DATE : 06/05/2024
Key Details
Sold Price $1,482,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,215 sqft
Price per Sqft $1,220
Subdivision El Cajon
MLS Listing ID 240006607
Sold Date 06/05/24
Bedrooms 8
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1973
Lot Size 0.329 Acres
Property Description
Welcome to 1364-66 Naranca Ave, a truly exceptional property that stands out as the crown jewel of El Cajon. This remarkable investment opportunity boasts three detached homes, each offering unparalleled luxury, privacy, and modern amenities. Currently generating an impressive gross monthly rent of $10,075, this cash cow promises lucrative returns from day one. Step into each of the meticulously crafted homes and prepare to be amazed. No detail has been spared in these residences, with every inch exuding quality and sophistication. Whether you're an investor seeking a turnkey income property or a homeowner looking for multi-generational living options, this property has it all. Each home features its own separate access, HVAC system, and laundry facilities, ensuring convenience and comfort for all occupants. The spacious yards are a haven for relaxation and entertainment, showcasing maintenance-free landscaping, expansive trex decks, and a combination of concrete and turf for easy upkeep. Privacy is paramount, with 9-foot modern security fencing separating each unit, allowing residents to enjoy their own secluded oasis. Strategically located near freeways and shopping centers, this property offers unmatched convenience and accessibility. Whether you're considering multi-family living, house hacking, or pure investment potential, this property presents an unparalleled opportunity. Additionally, savvy investors can explore the benefits of a cost segregation study, potentially unlocking significant tax advantages.
Opportunities like this are rare, so don't miss your chance to own a piece of El Cajon's finest real estate. Seize this moment and schedule your viewing of 1364 Naranca Ave today!
Location
State CA
County San Diego
Community El Cajon
Area El Cajon (92021)
Zoning R-2:MINOR
Interior
Cooling Central Forced Air, Zoned Area(s)
Exterior
Exterior Feature Other/Remarks
Fence Full
Roof Type Composition
Building
Story 2
Lot Size Range .25 to .5 AC
Level or Stories 2 Story
Others
Acceptable Financing Cal Vet, Cash, Conventional, FHA, VA
Space Rent $3,650
Listing Terms Cal Vet, Cash, Conventional, FHA, VA
Financing Other/Remarks
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Bought with Jill M Vodicka • RE/MAX Connections
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